Echelon Corp. (ELON)

[DickMN]

Profit taking

I predicted profit taking, but I relied on my record of being wrong to save the day. I didn't expect the new valuation to hold, but this is ridiculous. We're almost back to where we were before the Nuon news broke. I think the market should definitely assign some value to the Nuon project, and the stock price should rise. Hopefully today's knee jerk reaction to the earnings news from IBM and Nokia caused an oversold condition and the market will rebound Friday, raising all boats, including ELON.

DickMN